Office of Academic Support - Learning Resources
Accounting Study Guide
This study guide is set up to supplement classroom work from basic accounting rules to advanced level rules. After completing the study guide, students should be able to journalize transaction, prepare financial statements, and utilize ratios to analyze financial statements.
The study guide is divided into five sections: Basic, Intermediate, Advanced and Theory with a video section linking to an online web source. Finally, for students who need help developing their study skills, preparing for a test, and employing test taking strategies, the strategy section provides links to relevant web sites.
The links below will provide students with accounting definitions, equations and examples of the transactions posted in the accounting equation.
Accounting Equation and Terms
Student will learn how to apply the accounting equation in journalizing transactionsAccounting Equation
At the intermediate level, the links below will take the students to sites that cover Debit and Credit, T-accounts, Journal Entries, Depreciation, and Financial Statements such as Balance Sheets and Income Statements.Principles of Accounting: debit and credit
Students who now understand balance sheets and income statements can go on to use financial ratios to analyze financial statements. The links below will take the student to sites that show how to use financial ratios to analyze balance sheets and income statements
Theory of Accounting
Glossary of terms and a complete outline of accounting can be found at the sites listed below. Students will also find drill exercises and practice problems such as journalizing transactions and applying the accounting equation to keep accounting in balance
Exercises and Problem Solving
Practice problems are available from the links below. Accounting Quizzes
Videos on Banking and Money
MCNY (60 West Street, New York, NY 10006 · 463 East 149th Street, Bronx, NY 10455)
(800) 33 THINK | 212 343 1234
© 2016, Metropolitan College of New York